2003-2006 Republican Congress Vs 2007-2010 Democrat Congress
The economic malaise from which we now suffer was caused by Democrats.
Democrats gave us the sub-prime mortgage crisis and the fierce resistance, to reining in its abuses, leading to the housing collapse, bringing about the collapse of the economy.
All bills for raising revenue (thus spending) must originate in the House of Representatives. Democrats have controlled the House and Senate, since January 2007. Republicans controlled both from 2003 through 2006.
The Bush Tax Cuts Had No Bearing Whatsoever on Today's Recession
-It is Impossible For A Tax Cut To Hurt The U.S. In Any Way, Unless:
-A Nation is UNDER TAXED to meet essential services
-Does any economically literate person believe Americans are under taxed?
2003-2006 Republican Congress Vs. 2007-2010 Democrat Congress
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Unemployment Rate________
Democrat Congress Present Data July 2010--------9.5%
Republican Congress December 2006 Final Month---4.5%
Source: Bureau of Labor Statistics
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Total Number of Unemployed________
Democrat Congress Present Data July 2010-------14.6 Million
Republican Congress December 2006 Final Month---7.0 Million
Source: Bureau of Labor Statistics
Total Deficits Democrats 2007-2010--Republicans 2003-2006
Democrat Congress 4 Yearly Deficits------------$3 Trillion, 374 Billion
Republican Congress 4 Yearly Deficits-----------$1 Trillion, 356 Billion
Source: Budget of the United States, Office of the President
Increase or Decrease In Revenues To Government
Republican Congress 2003-2006 (+) Plus $830.3 Billion
Democrat Congress 2007 To Present (-) Minus $281.2 Billion
Source: Bureau of Economic Analysis-Dept. of Commerce
Increase in Disposable Income -Inflation Adjusted
Republican Congress December 2003-2006-------$1820
Democrat Congress 2007-2010------------------$ 427
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Black Unemployment________
Democrats-----July 2010-------15.6%
Republicans----Dec. 2006--------8.4%
Source: Bureau of Labor Statistics
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